India’s Massive Grains Stocks Amid Covid-19 A Major Relief
Amid the nationwide lockdown and low economic activity the Covid-19 pandemic has wrought, there is a salutary feature in the macro-economy with record foodgrains stocks in the national granary. This has raised hopes that the marginalized and people without means can breathe easy. The government is determined to make adequate use of this cornucopia. Foodgrains stocks in the central pool stood at a whopping 73.85 million tonnes (mt) as on the start of the current fiscal year, April 1, 2020. This is by far the highest ever and is also three-and-a-half times the minimum operational-cum-strategic reserve requirement of 21.04 mt. Ever since his periodic parleys with the State Chief Ministers in the ongoing lockdown phase, Prime Minister Narendra Modi during his fourth digital confabulation, highlighted the urgent need to usher in reforms that touch the lives of the common people across the country. This reassuring remark from the Prime Minister has not come a day too soon even as there is ...